Spirulina Market Overview

The research on the Spirulina market is based on the detailed dynamics the Spirulina Market. The report covers Market revenue forecasts at global, regional and segment, and national levels. Industry potential is analysed focusing on the drivers, opportunities & limitations in the market.

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Spirulina Market was valued at USD 532.49 Million in 2022, and it is expected to reach USD 1077.96 Million by 2029, exhibiting a CAGR of 10.6 % during the forecast period (2023-2029).

Spirulina Market Report Scope and Research Methodology

The report is a comprehensive analysis of the complementary and Spirulina market by region, segment and competitive landscape. The scope of the research included market potential, regulatory scenario, consumer behaviour, technological influence & Industry rivalry. Region wise data has been collected the analyse the country wise markets. The new entrants in Spirulina market were researched for growth prospects and future business outlooks

Secondary data was collected from official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the Spirulina industry along with paid and free databases. To estimate the segment wise, regional and global Spirulina Market size, bottom-up approach was used.

Spirulina Market Regional Insights

The Regional Analysis in the report helps to understand the Spirulina market in various countries. The report includes a detailed analysis of the nation wise market dynamics.  By region the market is categorised into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

Spirulina Market Segmentation

by Drug Formulation Powder
Tablet & Capsule
Liquid
Granule & Gelling Agent

The global spirulina market is divided into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent based on Drug Formulation. 78% of the spirulina market in 2022 was made up of products in the powder category, which is anticipated to grow at the quickest CAGR of 10.7% over the course of the forecast period. This is mostly due to a growth in demand from makers of nutraceuticals as a result of rising consumer health consciousness and its growing use as an ingredient in a variety of foods and beverages.

by Application Food & beverages
Nutraceutical
Animal and Aquaculture Feed
Pharmaceutical
Veterinary
Cosmetic
Others

The food and beverage, nutraceutical, animal and aquaculture feed, pharmaceutical, veterinary, cosmetic, and others categories make up the worldwide spirulina market. The category of Nutraceuticals held the largest market share in 2022 and is anticipated to rule the entire spirulina market during the projected period. This is brought on by growing awareness of nutrition and health issues, as well as a preference for natural products over conventional pharmaceutical ones. Since spirulina has a high concentration of natural pigments that give it a blue hue and can be combined with other colours to create custom hues like lavender, violet, and green, it is also commonly used in the food and beverage sectors. It is also frequently utilised in the personal care and cosmetics sectors.

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Spirulina Market Key Players

1. Sensient Technologies Corp.
2. Parry Nutraceuticals Limited
3. GNC Holdings, Inc.
4. Now Health Group Inc.
5. Naturex S.A.
6. Naturalin Bio-Resources Co., Ltd
7. GNT Holding B.V.
8. Fuqing King DnarmsaSpirulina Co., Ltd.
9. FrakenBiochem Co., Ltd.
10. Far East Bio-Tec Co., Ltd.
11. Dongtai City Spirulina Bio-Engineering Co., Ltd.
12. Dhler GmbH
13. DIC Corporation
14. DDW Inc.
15. Cyanotech Corp
16. Chr. Hansen Holding A/S
17. Cabassi & Giuriati SpA
18. Echlorial
19. Givaudan international SA
20. Yunnan Green A Biological Project Co., Ltd
21. Earthrise Nutritionals, Llc
22. Zhejiang Comp Spirulina Co., Ltd.

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Table Of Content

  1. Global Spirulina Market: Research Methodology
  1. Global Spirulina Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to Global Spirulina Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders
  • Recommendations for New Market Entry
  1. Global Spirulina Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • PESTLE
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact
  1. Global Spirulina Market Segmentation
  • Global Spirulina Market, by Type (2022-2029)
  • Global Spirulina Market, by Drug Formulation (2022-2029)
  • Global Spirulina Market, by Application (2022-2029)
  1. Regional Spirulina Market(2022-2029)
  • Regional Spirulina Market, by Type (2022-2029)
  • Regional Spirulina Market, by Drug Formulation (2022-2029)
  • Regional Spirulina Market, by Application (2022-2029)
  • Regional Spirulina Market, by Country (2022-2029)
  1. Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy
  • Recent Developments

Key questions answered in the Spirulina Market are:

  • What is Spirulina ?
  • What are the factors driving the Spirulina Market growth?
  • What are the factors are limiting the Spirulina Market growth?
  • What was the Spirulina market size in 2021?
  • Which trends are expected to generate additional revenue for the Spirulina market growth?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Spirulina Market?
  • What growth strategies are the players considering to increase their foothold in the Spirulina Market?
  • Who held the largest market share in the Spirulina Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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